Democrat Russ Feingold is pressuring the Indian government to dump “patently unfair” tariffs on Harley Davidson (HOG) motorcycles in the nation.
In February, Harley got the right to establish dealerships in the country that will at least bring down some of the costs and better entrench the brand.
Rather than shipping the bikes individually to buyers, they can bulk ship some and sell them there. A start.
“It would be a real confidence-builder (for U.S.-India business relations) if they would open the market up to a signature product from Wisconsin,” Feingold said, speaking Friday from New Delhi.
Feingold argued that the removing the tariff would not hard India business as no one there produces heavyweight motorcycles. He then said that selling more would increase governmental revenues.
So, in India lowering the cost of business is good for the government but in the US Feingold consistently votes to increase it….irony. But, that is another post.
The good news on the whole subject was that Feingold said he was encouraged by the fact that other Indian officials described Indian prime minister Manmohan Singh, an economist and former finance minister, as someone who “has not been a big fan of tariffs.”
Disclosure (“none” means no position):Long HOG
